What MiCo Ltd.’s (KOSDAQ:059090) 29% Share Price Gain Is Not Telling You
The MiCo Ltd. (KOSDAQ:059090) share price has done very well over the last month, posting an excellent gain of 29%. The last month tops off a massive increase of 102% in the last year.
Since its price has surged higher, given around half the companies in Korea have price-to-earnings ratios (or “P/E’s”) below 14x, you may consider MiCo as a stock to potentially avoid with its 20.5x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
For instance, MiCo’s receding earnings in recent times would have to be some food for thought. One…
